Korea to combat rising fuel costs by implementing higher tax cuts
Jun 20, 2022 09:09 am UTC| Business Economy
The prices of fuel are so high anywhere in the world today. In South Korea, it will try to fight the rising costs by expanding the tax cuts on fuel for up to the maximum cap of 37%. On Sunday, June 19, the South Korean...
Starbucks’ North American president leaving after 17 years as company reorganizes leadership
Jun 20, 2022 08:34 am UTC| Business Economy
The president of Starbucks North America, Rosann Williams, is set to be replaced by the companys Asia Pacific division head. She is leaving the coffee chain after 17 years of service. As per CNBC, her departure is part...
Sony, Honda sign deal for electric vehicle joint venture, to roll out EV models in 2025
Jun 20, 2022 07:40 am UTC| Business Economy
Sony Corporation and Honda Motor Company have inked a deal for a joint venture and planning to sell EVs by the year 2025. The major Japanese companies announced late last week that they have agreed to a 50-50 JV, and the...
IKEA cuts down business in Russia; Local furniture chains eyeing shuttered stores
Jun 20, 2022 07:33 am UTC| Business Economy
IKEAs shuttered stores and warehouses in Russia are reportedly being eyed by local furniture chains - Tvoi Dom and Hoff. The Russian brands are both interested in acquiring the Swedish-founded, Dutch-headquartered...
McDonald's is giving free Sprite to let diners decide how the taste of Sprite sounds
Jun 18, 2022 23:36 pm UTC| Life Economy Business
McDonalds is offering a free Sprite on June 21 to customers who spend at least $1 on their app with the hope that they will describe on social media what they believe the taste of Sprite sounds like. To make...
Budweiser, Michelob manufacturer to give up exclusive Super Bowl sponsorship after 2023
Jun 18, 2022 23:36 pm UTC| Sports Economy Business
Anheuser-Busch InBev (AB InBev), the maker of Budweiser, Bud Light, and Michelob Ultra, will not renew its exclusive sponsorship deal for the Super Bowl after next years event. Since 1989, AB InBev has sponsored the...
BrewDog to cut carbon emissions with £12 million bio-energy plant
Jun 18, 2022 23:35 pm UTC| Nature Economy Business
BrewDog has commissioned a 12 million green gas plant that will power the production of over 176 million pints of beer each year, which would result in 7,500 fewer tons of carbon emissions annually when the facility in...
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